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SS/SCS/SB 269 - This act requires the Department of Revenue to annually estimate the amount of revenue collected from the athletes and entertainers tax . Once collected, the revenue from such tax will be deposited in the "Nonresident Entertainer and Athlete Fund", which is created by this act. For fiscal year 2007 and each fiscal year thereafter, an annual allocation of twenty-four percent of the available amount of the total annual estimate of revenue derived from the tax shall be made to the Missouri Arts Council Trust Fund. For fiscal year 2007 and each fiscal year thereafter, annual allocations of four percent of the available amount of the total annual estimate of revenue derived from the tax will be made Missouri Humanities Council Trust Fund, Missouri State Library Networking Fund, Missouri Public Television Broadcasting Corporation Special Fund. The ten million dollar per fiscal year cap on allocations made to the Missouri arts council has been removed. Four percent of the available amount of the total annual estimate of revenue will be placed into a subaccount, known as the Missouri sports authority subaccount, within the nonresident entertainer and athlete fund. The funds in the Missouri sports authority subaccount will be allocated, conditioned upon local matching of the funds, as follows: 1) twenty-three percent of to the Springfield Sports Commission; 2) seventeen percent to the Joplin Sports Authority; 3) eight percent to the Branson Sports Authority; 4) twenty-three percent to the St. Charles County convention and sports facility and 5) the remaining funds in the subaccount will be allocated among cities with convention and visitors bureaus operating sports marketing programs. For fiscal year 2007, the Joplin Sports Authorities allocation percentage will be supplanted by a four hundred thousand dollar grant from the subaccount with no local matching requirement. The act further provides that for fiscal year 2007, and each subsequent fiscal year, the remaining forty percent of the available amount of the total annual estimate of revenue derived from the tax will be distributed pro rata to the Jackson County Sports authority, the city of St. Louis, the Edward Jones Dome and to each county commission in an amount proportionate to each entities contribution to the fund. Any distributions under this section to the Edward Jones Dome will be in lieu of any other appropriations the Dome would receive from General Revenue. Any funds remaining after the annual allocations have been made will revert to the credit of the general revenue fund. For fiscal year 2007, all allocations provided under this act will be limited to twenty percent of the total annual estimate of revenue derived from the tax. For fiscal year 2008, all allocations provided under this act will be limited to forty percent of the total annual estimate of revenue derived from the tax. For fiscal year 2009, and each subsequent fiscal year, the allocations provided under this act will be made from one-hundred percent of the total annual estimate of revenue derived from the tax. JASON ZAMKUS
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